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in america with a strong economy. let's spending in washington with a balanced budget. energy independence and the repeal of obamacare. thank you for tuning in, and i'm confident at the end of this debate i was earned your vote on november 6 to go to washington as your member of congress, fighting for a bright future for our children and grandchildren. thank you. >> let's get right to the question. the first question i have is for the congresswoman. there's a new proposal to build a stadium and complex for the buffalo bills along the city's waterfront which is presented to the council on tuesday. the teams currently at the stadium expires in 2013. you think a downtown stadium after the proposal patient as a viable alternative? hochul: i've been intrigued by the idea. i'm not sure that's going to be the right location. we have to make sure it's get the least sign. certainly when chris collins is county executive is an opportunity put this to bed and resolve the but we are come down to the 11th hour now and we have to make sure that we take care of ensuring that the buffalo bills stay here i
, that it's actually a boost to the economy. is that going to be true in this case? >> well, no. this is a natural disaster. disasters are bad for the economy. obviously, the big hit to the economy initially, is what we're seing in new york. you do get rebuilding, and economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses are going to benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well, there's more losers than winners. the losers would be the restaurants, they're not going to serve meals that aren't getting served. airlines, trucking companies, you know, the casinos fnlt fshs services. the secretaried to and trading is shutownor a couple of days, never get that back. the winners are clear. the homebuilders, home improvement, you mentioned home depot and loews and hardware stores. online retailers might benefit because department stores are closed. so some winn
. what is the toll on businesses and economies? you see businesses in the affected area have no power. so they can't pay their bills. they can't do whatever their business is. i mean it's a big problem. >> it is a big problem. we've heard economists are all over the place. we heard anywhere from 20 upward to 50 billion in damages both from infrastructure as well as lost profits but it's going to take some time for business to get back on its feet. i think you heard mayor bloomberg earlier say, you know, new york is doing well but it took a direct hit and he is expecting it to take a couple weeks. melissa: the other source of fuel that we're watching, of course is gasoline. and the impact on refineries wasn't as great as some thought. there was only one refinery in new jersey that went down. at the same time we talked to some gas station owners experiencing supply shocks. what do you think is the fallout for supply? >> i thinkhe good news unlike katrina, this will be more of a localized event. we lo billion two million barrels a day of refining capacity along the east coast. but, that's go
district and concentrate on how we can grow the economy in 39 counties because many of them have lost population and a congressperson. >> let's talk about the economy. >> if you're in congress, what can you do choose accelerate the recovery from the recession? >> i am focused on the local. i would start with the local. i see this the district for the lens of a teacher. i would be looking at these counties as 39 separate entities as many different communities and want to make sure i help each of the maximize their potential by creating jobs. i have spent the last year and have laying out my plan for lairs of economic opportunity. i carry my football with because i talk about creating another lawyer of the bio-8, may. >> those watching us may wonder what that has to do with a football. >> and a car that drove appear tonight came off the line in detroit. there are plastic bottles or using hog manure to make asphalt -- we can make whatever we need within 100 miles of this community. >> what needs to be done to stimulate the economy in congress? >> it is clear what i have done. i introduce
or simply his view is what is best for the economy, but it's a very similar proposal in my estimation and i wish that we could move ahead with them being like this then you would be tremendous benefit icing for the taxpayers to get some usefulness out of this investment that they have made in the gses and keeping them together and functioning, to use the skeleton, to use the infrastructure and awaited that allows the taxpayer to get a benefit, to get some monetization of the investment that is then made over time. .. >> i have made my decision to leave freddie mac because i thought it was going to take a long time before we would get resolution. unfortunately, i joined the company the middle of 2009. at that point, everyone was certain that the company would be relaunched at some point. possibly in a couple of years. obviously, we have been disappointed in that. as the calendar rolled through three or four years, i concluded looking at my birth certificate that i probably wasn't going to make it. that was one indication of my pessimism about when we were going to get this resolved. it was c
, this means jobs and the economy is an issue that is certainly front and center ended is the number-one issue, but it may not bring home as much as other issues -- ring home. host: what are the swing areas of that states that have historically provided the winner with the electoral votes? guest: by now we are seeing that the candidates are coming into -- particularly the president's campaign has been coming into the sea coast, rockingham county area, cities like rochester are certainly areas that are indicative of what may happen in this election. but the other location candidates are coming into is the city of nashua, the second- largest city in the state. we are seeing the president was there a few days ago last saturday. it seems to be a place that is being fought over. it's along the massachusetts border. massachusetts is the stated that governor romney led. so it is a very interesting area. many of the people from nashua work in massachusetts. host: who are the voters in this area? guest: new hampshire has traditionally libertarian streak. our motto is live free or die. it is a tossup lo
to start the day. i mean, one of the great entrepreneurs of the american economy, steve case, who not only has such incredible impact with aol, but now with revolution is funding and helping to develop a whole range of companies in a variety of industries. meanwhile, living in the washington area has gotten incredibly involved in trying to help the u.s. government think more intelligently about competitiveness and entrepreneurship in particular. then josh linkner, a local star here who runs detroit venture partners as i'm sure many of you know, if you're from detroit, you certainly know that, a supporter of this event which we're very grateful for, and i think symbolic of the incredible new energy that's developing in detroit. and i should also say that josh created a company calls eprize in 1999 here in detroit. it's been operating all this time. two weeks ago it sold for a nice exit. [applause] so here's the story of a local company that came from here, went all the way and, you know, he's done real well with that. meanwhile, he's invested in a ton of other companies. so i just want to s
at these terrible pictures. the economy, it is in the doldrums, thinking about unemployment anymore. >> just the worst. numbers came out over the past hour. 11.6% is the unemployment rate in the eurozone. of course, singled out again, spain, greece, just over 25%. we have heard this before, but you are almost looking at the creation of a generation of unemployed. it will be hard to get back into the job market. more on parliament, but let me get this in, air france, it is ok, the posted profits, making a net profit of $300 million. >> says something about recession and the way that works. thank you very much, indeed, for all of that. that was an american accent, i think, from an australian? never mind. plenty more to come. shanghai, the economic powerhouse of china. are the chinese falling out of love? we will find out. the united nations says that opium populations have risen for the six -- sixth concern -- sixth consecutive year. gary lewis is the southeast asia representative of the u.n. office on drugs and crime and is explaining what is fueling this growth. >> what is driving the growth
already struggling economy? storm the cost about $20 billion in dage. some predict 30 billion. in last business activity for more joining me now maryland economist, peter morici. welcome back, you had a number i saw nowhere else in estimates total costs, of this storm, you said 35 to 45 billion-dollars, how do you get there? >> we will have about 20 million in property loss. initial estimates are 5 to 10, for irene they were 7, but irene was closer to 20, i think they will be as bad. but now, look at all storethat are closed, flights that have not gone out, hotels and businesses onshore and new york city that are down for 4 days, that is a loss of income. that is 20 billion that gets me to 40. gerri: wow, okay that makes sense. people underestimate the costs. i read new york city alone is an economy with $4 billion that pumps out $ 4 billion eve day, times 5 is $20 billion, not just damage you repair. it is also the loss of productivity, workdays, loss payroll, it could be far more devastating than we've been talking babout, you also said, in short term painful but longer term we get a
the biggest headlines affecting the energy industry and their impact on the economy. first up, crude prices rose on their first day of trading since superstorm sandy renewed demand and helped drive prices up more than half a percent, settling at 86.24 a barrel. good news for nine major oil refineries on the east coast, assessments found they avoided serious damage. seven are working back towards normal operations. meanwhile short-term supply worries pushed up gasoline futures prices. they settled up more than 1% on the day. >>> president obama banging the drum on the rich paying their fair share on taxes. he has less than a week to sell the message. we're breaking down the facts. >>> plus, mayor michael bloomberg tells president obama, i think we don't need you to visit new york city, thanks very much. i think that makes it a lot of sense. one of the people on the show says it is a major slight and he is coming here to disagree with me. more coming up. ♪ . melissa: so it is the final stretch to six days till the election and the tax debate is getting even louder. the major battle cry from
on with the economy. these markets, arthur lapre it is great to have you with us. >> thank you, lou. lou: start with impact of the hurricane. to whether much is made too much made, of the impact on gdp growth or broad economy for next several months. >> it is just a temporary hit, i would expect from the storm. i don't think it will be long lasting or affect gdp growth. it will not affect the ream economy over -- real economy over any long run. lou: our hearts go out to those who suffered so much damage and devastation, and losses. and those who lost loved ones. this is a very tough time, and it is almost impossible to judge what the impact will be, psychically on the nation. and in terms of the politics. give us your best assessment there. >> well, i don't think it will have much of an affect on politics, both candidates handled themselves well. president obama of presidential, and did these duties correctly. i don't think that mitt romney any anything wrong. he was very respectful of the storm and respectful of the people. i think they both handled themselves as well as they could. they did a
of the entrepreneurs in this room who are the talent pool for the next economy in detroit are thinking how do i get a job with the city. so -- >> no career advice. >> no, but i mean, seriously. the young talent pool, the 20-somethings and 30-somethings are not thinking about the public sector as a career path. so let's just be blunt and honest. the city is not going to be able to harness the talent that's there that will get the city to the next place. so invert the question. not how are we going to hire those people, but how are we going to bring them into the process sitting where they are in universities, in the private sector, in the ngos that are dynamic and interested in the city of the future, and the city has to invent the way to do that. collaborate, create communities of interest, harness that talent pool, um, and give them the resources where it's necessary if the resources are there. now, there's not a lot of city resource, but the city has the legitimization capacity to say you are now the agent of change. it used to be the department of x, and the department of x is now really incapab
the impact on our economy. and on transportation. you know, the election will take care of itself next week. >> and here is what governor romney said. >> on the eastern coast of our nation, a lot of people are enduring some very difficult times. >> and our hearts and our prayers go to them as we think about how tough it is going to be there. i don't think there has been a hurricane in ohio in a long time. but there have been some hurricanes that have caused a lot of damage across this country and hurt a lot of families and their families are in harm's ways that will be hurt either in their possessions or perhaps even something more severe. >> we have faced these kind of challenges before and as we have, it is good to see how americans come together and this looks le another time when we need to come together, all across the country, even here in ohio and make sure we give of our support of the people who need it. >> rose: several national polls have the president and governor romney in a virtual dead heat coming down the stretch, some others have different results when you look at the swing
struggling economy? fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly wolly doodle all the day ♪ ♪ hah >> continuing coverage of super storm sandy. entire towns along the new jersey coast buried in sand because of the beaches. today some are under water. board walks and marinas are ripped apart in this storm. robert moses joins us now live in point pleasant new jersey. good morning, robert. >> good morning to you. we are sitting in an intersection in pleasant point beach new jersey. there are no lights on. you can see the traffic lights here are still out. the thing that really captures your attention these huge amounts of sand. if we walk over here through the intersection again if you for give me on the other side there's another huge mound back here that is about double my height. huge front-end loaders deposited on the streets here and have pretty much pushed the sand to the side of the street. you can see how the sand has been left in the tracks along the streets here in point pleasant beach,
show how tough the economy is. 17% on food stamps. i'm glad we have unemployment programs and food stamp programs and i'm glad we have a number of companies that have come to delaware. we have not done enough. we have to much burdensome regulation. we still raised taxes during this recession which we drove back. personal income tax and we need to create a stable business environment. we have not done a good enough job creating that environment and that is borne out by the numbers. >> where do you stand on your blueprint for delaware? >> we have implemented the majority of items in their and we have more to go. some of them we did not have the resources. i said we ought to create a delaware version of a cops bill. we have made progress there as well. it is not spin to the hundreds of workers were back at the refinery. it is not spin to the people who decided to expand in delaware. it is not spin to the folks at foxfire printing who are adding dozens of jobs. it is not spin to the people at jpmorgan chase. these are real jobs, real families being put back to work. >> fill free to off
business. >> okay. the resulting economy has resulted in internet base for short term rentals and many of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these renta
gets. he will have to discuss why there are better times ahead. why he can manage the economy. that has been lackluster. i think that home would be kinder. >> how long does it take and how much does it cost to rebuild the battered communities? in japan, they are still asking that question a year after the tsunami. billions of dollars destined for reconstruction have been misspent. >> the images of the massive it tsunami is surging ashore in march 2011 are indelibly burned into the members of people around the world. the destruction was on a scale few people had ever seen before and many found it hard to comprehend. the coastline more than 250 kilometers long was left utterly devastated. whole town's white from the map in a matter of minutes. it was clear that the cleanup and rebuilding was going to be an enormous effort. the biggest since the end of world war ii. the japanese government to decide 150 billion u.s. dollars to fund it. it turns out that a quarter is spent on projects completely unrelated to the disaster. the list of projects, according to the japanese government's audit, i
not quite as optimistic about where the economy is at and out of the market. and so, their own individual participation has been declining. and i don't know if that's necessarily telegraphed some problems down the road, but what do you think? >> well, i think we're living through a lot of uncertainty in the market, whether it's europe, whether it's the direction, the direction of the u.s. economy and the federal debt. and all of those things are certainly weighing on the retail investor's mind and definitely they're been moving to conservative position, as have been this, they've been protecting liquidity and building their positions and fairly risk averse, now, hopefully i'm cautiously optimistic on the u.s. economy that once they get through this election, regardless of who wins, our leaders in washington come together and develop a plan to deal with our fiscal challenges. >> well, springs eternal, we'll see, i was saying teddy, teddy weisberg, teddy was here the last time we had a two day disruption in 1888 and now, must be living history all over again. teddy. how do you think it's go
, you heard that it is likely going to hits our economy, hard, maybe shave upwards of a half% off our economic growth in the latest quarter, it will likely dampen christmas shaping enthusiasm, hit consumer confidence, and likely shopping in general. so much we don't know. this much we do -- just getting back to anything approaching work in big apple, will be tough. very tough. and it all begins with wall street's hope of getting back to business tomorrow morning. jamie colby, down by by battery tunnel that will be the point of entry to many who want to return but will not be able to use that point, jamie? >> reporter: without a duty, i know one person would be happen markets are open tomorrow, this is charlie gasparino, i saw you and see discuss it earlier about the fact it had to close. but it is not only thing that closed. let me show you how sporadic thing are. ritz-carlton, no lights, next door, an apartment building, full of electricity. i walked streets of lower manhattan today trying to find a single business that was cleaning up. but without power, so many had to day home, add
as the economics, as far as jobs and growth are concerned because it will add the extra umph to the economy. is that a possibility? >> it certainly is the possibility. first, i don't want to downplay how difficult this has been for the city and for the region. many people are now without homes. there are still thousands of people in shelters. so it's still a difficult time. we've got about $30 million of emergency contracts out there, expenditures that we did not anticipate. but over the long run, as you mentioned, if fema does come through with reimbursements to the city for some of our damaged publix works and the insurance companies come through with what is surely going to be billions of dollars of reconstruction money, that could be some kind of stimulus to the city's economy. >> you mentioned fema and the human tragedy. we are watching live pictures here from atlantic city's airport where air force one is just landing and the president having been to fema today is going to now link up with governor chris christie and tour the area in those helicopters to look at the very human side of
,000, to get an economy moving. so my kids can have a job when they graduate. that's what the voters can count on but i'm not going to sport nancy pelosi like you do in her job telling policy. i will not do it. i will be 100% voting for the future of this country. the american dream and getting our budget balanced in the next eight to 10 years. that's what the voters can count on. >> let's move onto the next question. in a a "wall street journal" article you described your opponent, the congresswoman, as an effective retail politician. at the same time the chronicle editorial board we solicit you have a have a hard time compromising the you are to be elected to congress why should voters believe that if you are elected you could work with both parties and get things done? collins: it's obvious the voters certainly in the buffalo area know me as account executive the transfer of a bankrupt account into one that is pretty much the strongest recognize the strongest in the state today. i did that to compromise the that's what life is on the. we compromise with her family and certainly with my teen
the economy. and so there are a host of host of measures in each of those areas that are absolutely critical for our future and they are not easy decisions to be making but we have to make them sooner rather than later. because if you just pass the buck, it is the next generation who is going to be holding the bag. and in my mind, that is why i am running. it is really to look out for the children who are not voters, who are not being actually considered in my mind as much as they should. >> thank you. >> mr., chig how would you address the state's financial problems? >> we are about a hundred billion dollar budget here in california. we spent about a hundred billion and we bring in $80 billion revenue and that is a $20 billion budget gap, the fastest way for that is to grow jobs, we created clean, green collared jobs and brought jobs from overseas here into san francisco. she is are models that we can take to continue to grow our economy. unfortunately that is not going to be enough. we have to also look at ways to raise revenue, that is why i am in support of our governor's tax measure bec
to deal with the economy. jenna. jenna: keep an eye what is happening in florida and rest of breaking news in politics and otherwise. carl, thank you. jon: the weather has affected election and campaigning plans and hundreds of miles from the eye of the storm, sandy's violent outer bands prompted weather warnings. they kicked up massive waves. this is the no the ocean. these are the great lakes. how much damage did the storm do there? we'll speak to the commander of michigan's emergency management office coming up. >>> startling new numbers out of europe. what the unemployment rate says about the recovery there, and the chances europe could be headed toward another recession. [shouting] many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula sing bacteria and helps dissolve stains, cleaning in a better way than brush
the impact that this circuit will have on the economy, we are joined by fox news editor liz macdonald. let's start with just the straightforward. i mean, the markets closed for a couple of days. millions of people not able to get to work. i mean, this is going to have an extraordinary impact on the consumption economy as well. >> i think you're right. well we doing is compiling this. what were getting from economists to work a wall street shops and down in washington d.c., what strikes me is there has been a lot of comparisons to hurricane katrina. i would say that is not the comparison because we are talking about the most impact -- densely populated by the rebels judge of the united states where one-fifth of the u.s. economy is down -- generated, of death of the population lives in the theft of car sales, fifth of housing whereas the trend was narrowly focused. it was a tragic event. this is more like a hurricane that hit in 1938 that helped cars out and create that hamptons and east in the long end. certainly possibly this hurricane redefining the coast of new jersey in similar fashion
there was a us nu race october 3. and that was the story in october. the economy is the issue. unlike byron i do believe that people can't stand either of the candidates. and they already can't stand the obama administration they're going to decide on the economy. and economy alone. >> the one area is issues of war. and it has this to point out this isn't just arising on the eve of the election but going on now six weeks. benghazi as we approach tuesday? >> it has. look, you can be a casual consumer and understand they have to the been straight forward with the american people from the beginning. whether selling us different stories or telling us things or whether the president saying just last week that he has shared every piece of information with the american people as soon as he got it. that is false. he hasn't been. his administration withheld information. it's an outrage. i think we don't get answers to the questions because we're an election season. it doesn't mean we can't demand answer asks won't get answers to the questions after the election. and people on the ground in benghazi and p
damage to property and the economy, the total impact expected to reach a staggering $50 billion. the damage is perhaps nowhere worse than the coastline of new jersey where sandy came ashore laying waste to an amusement park and historic boardwalk at seaside heights. as for the airports, jfk, newark, they're expected to resume limited service this morning. the same cannot be said for laguardia. jetblue posted these photos of the runways submerged. more than 18,000 flights have already been canceled as a result of sandy. and police had to take to the air to save victims from rooftops in staten island after floodwaters surrounded their homes. they were loaded one by one into baskets before being hoisted to safety. now let's go to breezy point. a neighborhood of queens which looks like a war zone after a fire devastated the small community. absolutely devastated it. more than 100 homes were destroyed. officials say the high winds from the storm pushed the flames from one building to the next. amazingly, no serious injuries reported there. but high god, look at that neighborhood. it
romney covered last night how important it is that we have a good economy and get people back to work, and that we get jobs. that is why he is going to win this presidency. it does not matter what happens -- it does not matter what happened last night or what the pundits say. mitt romney is right. when this president and over, 32 million people were on food stamps. today, 47 million. we have got to change it. we have to change it for the benefit of children. >> prebuttle? >> i don't think there is a rare bottle. -- rebuttle. my plan is to make sure that we end the fraud and abuse of those who take advantage of food stamps. my plan is to work with the various groups. we will end this problem. this is not a liberal or an obama problem. this is our problem. we need to forget about politics and take care of children i will be the voice of children in the future of this great country. >> i have the reputation of always standing up for children. i also believe the state can do a better job than the federal government, and they do it because they are closer to the people. they have to be re
, unemployment and the economy continue to be the factors that voters go in on tuesday with top of mind and not some of these other things? >> no. i agree with you. it only relates back, s.e. in terms of your argument how to improve the economy, how to create jobs. the president stresses a bigger role for government than mitt romney does and that's the argument. that's the only point about the spherics of communal effort. no, but it's definitely about jobs and the economy. are you kidding me? the voracity of where jeeps are made in ohio or in china tells you everything you need to know about what this election is all about. this election comes down to the question of whether all the jeeps are going to be made in toledo or whether some of are also going to be made in china. that's the election in a nutshell. the jeep, not the storm, but the jeep is really the symbol of this election. >> howard, if you can be a fly on the wall in boston and chicago at the same time -- >> i've tried. >> -- where do you think they would feel more benefit from the race being frozen, knocked off the a-block a
, lost productivity. that's true, it's terrible, anne they will hurt the economy, but those are short-term in nature. i'm urging you to step back and take a look at the bigger picture. tens of thousands of homes experienced damage from sandy. those that are insured for storm damage will get their insurance checks and put thousands of contractors back to work, new alliances, and finally painting up the storm. the recent decline since blowout quarter. that's not the real spurt of the economy. that's also short-term. those homeowners who were directly in the path of sandy, and there were tens of thousands of homes that were, they can't begin to rebuild without government help, because many of them live on roads that have vanished. yes, vanished. so many roads need to be rebuilt. not just homes. but government provided infrastructure. it rises to national emergency. while the level partisanship in politics has been horrendous lately, the spirit of cooperation we saw today between democratic president barack obama and new jersey republican governor chris christie could produce what could b
Search Results 0 to 49 of about 225 (some duplicates have been removed)

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